2026-02-04
The Greens’ Bill to ban corporate price gouging across the economy will be debated in Parliament tomorrow, giving Labor the chance to stop sitting on its hands and tackle inflation.
“Price gouging is a major driver of inflation, and Australians are copping it every day,” Greens Economic Justice Spokesperson Senator Nick McKim said.
“When big corporations with market power jack up prices simply because they can, that feeds inflation right through the economy”
“Supermarkets are a clear example, but this problem goes far beyond the checkout. Price gouging is happening across the economy, and it’s keeping inflation higher for longer.”
The Greens’ Bill would make price gouging illegal across the economy and give the ACCC the powers it needs to investigate and prosecute corporations that exploit their market power to unfairly hike prices.
“Instead of leaving the inflation fight to the Reserve Bank and interest rate rises, the government should be tackling corporate price gouging, which is one of the major inflation drivers.”
“Labor promised to act on price gouging. Tomorrow, they’ll have the chance to prove it.”
“If Labor is serious about bringing inflation down and easing cost-of-living pressure, they should support the Greens’ Bill and ban price gouging across the economy.”